Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
BitUsher
on 23/01/2016, 16:04:44 UTC

rumor says that if classic succeeds big parts of core developers will switch to eth

Makes sense... Smart developers with any open source project prefer challenging and rewarding work that they can design without an angry mob demanding things against their conscience. ...

So... RIP Bitcoin?

Nope bitcoin will thrive, Three more likely possibilities --

1) Core wins out or a compromise is reached and we move forward with an efficient an lean blockchain with a settlement payment channel  that is more secure and resistant to attacks but will likely grow at a slower rate

2) Classic takes control, there is a large drop off in development (at least temporarily ) bitcoin will grow at a much quicker rate of adoption than under core and investors will make more a return quicker, Node count will continue and escalate dropping off and mining will further centralize ... in 10 -20 years time expect all nodes to have AML/KYC/Blacklists and be controlled by large companies that can afford to maintain the large databases, and eventually the community decides to give up on PoW altogether for PoS/DPoS because when mining is that centralized than what is the point in wasting all that electricity?

3) A fork is created where a more libertarian/anarchist coin is created with the chain split and a few devs from core 5-10 contributing to it under an ASIC proof PoW algo (already discussed) that will be better suited for the grey /black market and long term stores of wealth . It will have a different sort of utility and supporters, thus could be valued at the same amount as the other fork. If the PoW algo is changed people will be able to spend their coins on 2 chains which will amount to somewhat of a stock split. Expect an initial huge drop in price on both chains and a quick recovery. Hard to say which chain will be more valuable in the longterm.


Either way , Bitcoin (either version) has a bright history at least from an investment perspective...For ethical reasons I will stop Buying the Centralized coin and likely slowly sell it off .... I'm not going to attack it , just allow it to run its course.